After the energy and petroleum regulatory body (EPRA) declared that a gasoline subsidy will begin in January, the government appears to have changed its mind about them.
The government would partially support oil marketing corporations, according to the energy regulator's announcement, in order to maintain the same price for fuel.
According to EPRA, "the Government will use the Petroleum Development Levy to reimburse oil marketing businesses for the cost disparity."
The latest assessment states that Super Petrol would retail for Kshs 177, Diesel for Kshs 162, and Kerosene for Ksh145.9 per litre, all of which are the same pricing as last month.
The partial return of the oil subsidy comes few months after president William Ruto announced that the government will be doing away with all types of subsidies with the exception of subsidizing production.
The latest fuel review comes as somewhat of a relief to consumers as the tariffs will remain the same.
Content created and supplied by: ARIMIS (via Opera
News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform
See More
COMMENTS